7-Story Condoplex at 50 Clinton Street Reveals its Brick Facade

Posted on: April 25th, 2017 at 5:04 am by

50clinton-reveal-1_wm

Three years after Icon Realty sold its parcels at 50-62 Clinton Street to DHA Capital – it was a record $28.95 million transaction – the development it spawned now boasts some visible definition. Yesterday afternoon, the netting on the south side of the building was deposed to reveal the new masonry.

Once complete, the luxury development will house thirty-seven condo units (designed by Paris Forino, if you care about such things) priced between $1.8 and $3 million, 24-hour doorman, gym, and rooftop terraces. There are only five available units that remain for purchase, including the 1,167 square-foot, $3.5 million prized penthouse.

As such, its retail work is apparently complete. Developers behind 50 Clinton Street no longer have use for the sales gallery just up the block.

50clinton-reveal-2_wm

But there is still plenty of construction work ahead; residents and businesses are stuck holding the bag. Demolition commenced in June 2015, and celebrity broker Fredrik Eklund desecrated the spot while operating a backhoe in head-to-toe Armani. In the intervening years, the constant flow of work between Rivington and Stanton Streets has certainly taken a toll. Several small businesses previously noted a drop in foot traffic due to the bottlenecks and obstructions, and at least one was forced to close (Little Shoe Store). Not to mention the (temporary) loss of public park space in Nathan Straus Playground … and WD-50.

50 Clinton Street, February 2011

50 Clinton Street, February 2011

 

Recent Stories

Elizabeth Street Garden Reopens Post-Shutdown

At a time when city folk are clamoring for more open space, the Elizabeth Street Garden comes to the rescue. The one-acre sculpture park – nestled in the middle of Little Italy – reopened to the public over the weekend. Yet, with limited hours. Temporary visitation is weekends from 10:00am to 6:00pm. There are also […]

Beverly’s Bar Shutters After 7 Years on Essex Street

The pink neons have gone dark, as Essex Street loses one of its cool kid hangs. Beverly’s, the trendy art bar founded in late-2012 by Sweet Paradise veteran Leah Dixon, closed forever last week. Just shy of its eighth birthday. A leasing sign hangs awkwardly from the rolldown gate. “We are looking reality in the […]

Fireworks and ‘Wild West’ Lawlessness at Pier 35

Pier 35 on the July 4 holiday was crazy, according to several reader reports. An extension of the nightly fireworks that have plagued the pandemic shutdown for months. However, as neighbors noted, the Independence Day iteration of pyrotechnics lasted much longer – eight straight hours. Neighbors tell us that at least 300 hundred people were in […]

Under Presure from Chinatown, Mayor Pledges $80M to Restore 70 Mulberry Street

The fire-scorched school building at 70 Mulberry Street will see life anew, thanks to massive city funding. Mayor de Blasio announced yesterday in his morning press briefing that the new budget contains a line item for $80 million dedicated to restoration of the historic building. Hizzoner spent a solid four minutes discussing how Chinatown was […]

Fearing COVID-19 Resurgence, De Blasio Halts Indoor Dining Indefinitely

Not so fast. Phase 3 of the reopening plan is slated to launch on Monday. However, it arrives without the resumption of indoor dining at bars and restaurants, as initially conceived. Mayor de Blasio announced the news at his morning presser yesterday, citing the nationwide surges of COVID-19 cases and the elevated dangers of indoor […]